4xForecaster

Update: Hit Targets Dead-On! | #Copper $Gold $SLV

FX:COPPER   Copper
258 4 6
Friends,

Last February 01st, our predictive analysis and forecasting offered a potential price action, seeing first TG-1 = 3.158 as a potential support, then 3.288 as resistance, and finally, eyeing 2.999 as an abysmal low-target, defined as "TG-Low = 2.999 - 01 FEB 2014.

What ensued was nothing shorter than a perfect adherence to the anticipated price action - Following are the three prior analysis starting from the original predictive analysis and forecasting:

1 - Copper: Original predictive analysis and forecast:
-
Predictive Analysis/Forecast | #Copper


2 - Copper: Price reverses above 3.158 floor:
-
Update: Neutral-to-Bearish | $Copper #copper #preciousmetals


3 - Copper: Upper resistance hit dead-on:
-
Update: Bearish Reversal Signal | #Copper $Gold $Silver


At this point, expect a relief rally in price at a potential 50% resistance to 3.209.


OVERALL:

Predictive analysis and forecasting generated on 01 FEB 2014 was followed remarkably close by ensuing price action, hitting target TG-Low = 2.999 - 01 FEB 2014 dead-on. A relief rally is anticipated up to 0.50-Fib level. System's directional signal remains bearish , but trader's directional bias turned "Neutral" based on recent and anticipated technical events just described.


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting


PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.


-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------


Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
alex.a
2 years ago
This will hit AUD down further??? ^_^
Reply
4xForecaster PRO alex.a
2 years ago
@alex.a - As a class (commodities), a fall in one metal (especially as essential to construction sector as copper is) can herald the depreciation of other related commodities.

If AUD is positively correlated to precious metals, so it can be affected by a fall in metal commodity prices, especially since it is heavily intertwined with commodity demand from importing economies, such as China.

If China catches a cold ... AUD will shiver.

David
Reply
alex.a 4xForecaster
2 years ago
^_^ +1
Reply
FaultyKid
2 years ago
You got this one pretty accurately, now there is whole copper crisis all over the news lol.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out